Pub chain Wetherspoons to tap investors for second time
Pandemic hit chain plans to raise about £94m in sale of new shares as UK lockdown hammers its finances
19 January 2021 - 21:32
London — British pubs group JD Wetherspoon plans to raise up to £94m in its second cash call from investors since the start of the Covid-19 pandemic, as the government's latest order to close hospitality venues hammers its finances.
While mass vaccination started across Britain towards the end of 2020, stay-at-home orders since Christmas — which followed some local curbs in the run-up to the holidays — crushed any hopes of a quick rebound in the sector...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.